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Egypt's Alcotexa sells 200 tonnes cotton in past week

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 200 tonnes of Giza 86 cotton in the week that ended on May 8, an Alcotexa official told Reuters on Sunday.

The deal brings Alcotexa's export commitments for the 2009/10 season, which began in September, to 68,753.8 tonnes of cotton worth $159.2 million, the official said.

Egypt expects to export 80,000 tonnes of cotton this season, the agriculture minister said in February.

By this time last year, Alcotexa had sold 15,851 tonnes of cotton worth $41.95 million.

Source: Reuters

From the Egytex news archive, first published on 9 May 2010. Figures and names are as reported at the time.

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